Multibagger alert: Up by 153% in just 10 months, shares of this company made people 'lakhpati'

Multibagger alert: Up by 153% in just 10 months, shares of this company made people 'lakhpati'

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 11.3k Views

The stock has been consistently gaining for a week and has delivered 19 per cent returns in just one month!

With a market capitalisation of Rs 201 crore, the shares of Mahalaxmi Rubtech soared 35% within a period of just six months! It witnessed a spurt in the volume of 2.5x today. This Multi-bagger stock surged 153% on a YTD basis!

Mahalaxmi Rubtech Ltd is a textile manufacturing company and a part of the Mahalaxmi Group of Industries. It is engaged in the manufacturing & marketing of products of traditional as well as technical textiles. Mahalaxmi Rubtech Ltd is headquartered in Ahmedabad (India) and all its facilities are located within 50 km of each other. Its promoters - Parekh Group owns 66.71% of the total shareholding while 33.22% of the shareholding is held by the public.

The company recently announced its quarterly results for Q1FY23 wherein, its net sales soared 44% to Rs 51.5 crore as compared to Rs 35.7 crore in Q1FY22. The company has also reported an increase of 25% in its operating profit in Q1FY23, compared to the operating profit in Q1FY22.

Mahalaxmi Rubtech Ltd is in the process of commissioning a project for the manufacturing of textile print media substrates for use in digital banners as well as signage printing. The company also plans for setting up a new plant and machinery for technology upgradation & expansion under Technology Upgradation Fund Scheme (TUFS).

Watch out for this multibagger stock in the upcoming trading sessions!

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
India's Inclusion in JP Morgan Global Bond Index

In a significant development for India's financial landscape, JP Morgan Chase & Co. recently announced its decision to include Indian government bonds in its emerging markets bond index, starting from June 2024. This momentous move holds the promise of attracting substantial foreign investments, potentially injecting up to $25 billion into India's domestic government securities market.

  • Sep 25, 2023
From Loss to Profit - Mitshi India Ltd

Why to go for Loss to Profit Business? Potential for Rapid Growth: Companies that have turned around from losses to profits often have room for rapid growth. As they fine-tune their operations and strategies, they may experience significant increases in revenue and profitability. Undervaluation: Market sentiment may lag behind a company's actual performance.

  • Sep 25, 2023